TUE 25TH JUL 2017

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Bringing the family business community together

Family Business Association of Southern Africa

Family Business Association of Southern Africa

Business Address: FABASA, PO BOX 6365, Welgemoed 7538

Business Email: Click here to send a message

Website: http://www.fabasa.co.za/

About Us

The Family Business Association of Southern Africa (FABASA) is a non-profit organisation that has been established to act as the official mouthpiece of family-owned business in Southern Africa as well as to promote the overall interests of this economic sector.

First of its kind on African soil, FABASA plays a crucial role in educating and streamlining the needs of this significant contributor to economies on the sub-continent taking into consideraton that some 80% of all businesses in South Africa belong to families.

Sponsor and founding member of FABASA, Old Mutual believes that the organisation fills a much-needed void in empowering family-owned business.

Amongst other issues, FABASA’s mandate includes assisting family-owned business with corporate governance and best practices, as well as guidance with succession planning, the importance of which cannot be over estimated, given that a staggering 70% of all first generation family-owned businesses fail in their efforts to hand over to the second generation.

From a holistic perspective, FABASA offers practical solutions to family businesses, while also highlighting effective strategies to manage their businesses towards profitability and prosperity.

Members have ongoing access to the latest research and best practices to deal with challenges, with training programmes such as workshops and conferences forming the backbone of FABASA’s empowerment drive. In addition, all of its members receive regular electronic newsletters with the latest advice and international trends affecting this sector.

Through membership to FABASA, family businesses also have access to a wealth of information and research offered by two international family business organisations, namely the Family Firm Institute (FFI) and Family Business Network (FBN).